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Litigation between Berezovksy and Abramovich to continue on November 28

10:29 24/11/2011

MOSCOW, November 24 - RAPSI. The London High Court of Justice will continue hearing the $5.5 billion lawsuit by Boris Berezovsky against Roman Abramovich on November 28, the hearing's transcript read. The copy of the transcript was made available to the Russian Legal Information Agency (RAPSI).

The trial in the $5.5 billion dispute began on October 4, although the statement of claim was filed in 2007 when the defendant was the Chukotka Governor and the Russian Prosecutor General's Office issued an arrest warrant for the plaintiff.

Berezovsky seeks compensation for assets he was forced to sell to Abramovich between 2000 and 2003. Berezovsky claims in his lawsuit that Abramovich intimidated him and his partner Badri Patarkatsishvili into selling a number of assets, including a 43-percent stake in Sibneft and a share of the Rusal aluminum group, for significantly less than their value.

According to the hearing's transcript, former head of Metalloinvest Mark Buzuk, a witness for Abramovich, testified on Wednesday. In particular, he told that court some details of Abramovich's purchase of Krasnoyarsk Aluminum Smelter. Buzuk said that at least six people were willing to purchase the plant.

He also said that Abramoich was doubtful of getting into the deal and agreed on it at the request of Berezovsky's partner Badri Patarkatsishvili.

The court will hear testimony by another witness for Abramovich, as well as several specialists in the Russian law at the next hearing.

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Litigation between Berezovksy and Abramovich to continue on November 28

10:29 24/11/2011 The London High Court of Justice will continue hearing the $5.5 billion lawsuit by Boris Berezovsky against Roman Abramovich on November 28.
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